{"id":74214,"date":"2023-02-17T19:46:11","date_gmt":"2023-02-17T17:46:11","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling"},"modified":"2023-02-17T22:26:24","modified_gmt":"2023-02-17T20:26:24","slug":"govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling","title":{"rendered":"Govt\u2019s USD to Zim Dollar Conversion Was Illegal \u2013 High Court Ruling"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The High Court of Zimbabwe has ruled that laws used to convert US dollar balances into Zimbabwean dollars were unconstitutional to the extent that they violated property rights.<\/p>\n

In a ruling delivered on 15 February 2023, High Court judge Justice Joseph Mafusire ordered CABS to pay the money to applicants in US dollars and not Zimbabwe dollars.<\/p>\n

In a post on Twitter, Tendai Biti Law said the High Court ordered the bank to pay local businessman Richard Harold Stuart Beattie and his wife Penelope Douglas Stone US$142 000 that had been unlawfully converted to RTGS dollars. It said:<\/p>\n

In 2019 the Gvt of Zimbabwe caused chaos & severe economic loss to millions of Zimbabweans when it demonetised the US dollar & introduced the valueless Zim$.<\/p>\n

We are pleased to announce that the High Court has declared unconstitutional the appropriation of US$ savings in our own case<\/p>\n

Since 2019 we have acted for Richard Beattie & Penny Stone in their action to recover US$142000 unlawfully converted by a bank.<\/p>\n

We are proud and privileged to have won yet another landmark. We are grateful to Advocate [Tererai Mafukidze] who argued the case on our behalf. We are truly, truly humbled.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The High Court of Zimbabwe has ruled that laws used to convert US dollar balances into Zimbabwean dollars were unconstitutional to the extent that they violated property rights. In a ruling delivered on 15 February 2023, High Court judge Justice Joseph Mafusire ordered CABS to pay the money to applicants in US […]<\/p>\n","protected":false},"author":84,"featured_media":74212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1493,2189,1944,657,13977,6553,13976,19],"class_list":{"0":"post-74214","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-exchange-rates","12":"tag-high-court","13":"tag-justice-joseph-mafusire","14":"tag-rtgs-dollars","15":"tag-tendai-biti-law","16":"tag-zimbabwe"},"yoast_head":"\nGovt\u2019s USD to Zim Dollar Conversion Was Illegal \u2013 High Court Ruling - zimbabwe<\/title>\n<meta name=\"description\" content=\"The High Court of Zimbabwe has ruled that laws used to convert US dollar balances into Zimbabwean dollars were unconstit ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt\u2019s USD to Zim Dollar Conversion Was Illegal \u2013 High Court Ruling\" \/>\n<meta property=\"og:description\" content=\"The High Court of Zimbabwe has ruled that laws used to convert US dollar balances into Zimbabwean dollars were unconstit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T17:46:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-17T20:26:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1676650618.24.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govts-usd-to-zim-dollar-conversion-was-illegal-high-court-ruling\",\"name\":\"Govt\u2019s USD to Zim Dollar Conversion Was Illegal \u2013 High Court Ruling - 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